Barclays Forecasts Strong Price Appreciation for APi Group (NYSE:APG) Stock

APi Group (NYSE:APG - Free Report) had its target price raised by Barclays from $48.00 to $55.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Citigroup dropped their price target on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Truist Financial increased their price target on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird increased their price target on APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. UBS Group increased their price target on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price target on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $50.57.

APi Group Price Performance

Shares of APG stock traded down $0.11 during trading hours on Friday, reaching $46.65. The company's stock had a trading volume of 1,916,275 shares, compared to its average volume of 1,733,274. The firm's 50 day simple moving average is $39.53 and its 200-day simple moving average is $38.21. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of -23.68 and a beta of 1.54. APi Group has a fifty-two week low of $30.76 and a fifty-two week high of $48.08. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Shares of APi Group are going to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be distributed to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the company earned $0.34 EPS. APi Group's revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that APi Group will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the sale, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.

Institutional Trading of APi Group

A number of large investors have recently bought and sold shares of APG. Barclays PLC grew its holdings in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after acquiring an additional 5,701 shares during the period. Blue Trust Inc. increased its position in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares in the last quarter. KBC Group NV increased its position in APi Group by 56.2% in the 4th quarter. KBC Group NV now owns 8,750 shares of the company's stock valued at $315,000 after buying an additional 3,149 shares in the last quarter. R Squared Ltd bought a new stake in APi Group in the 4th quarter valued at about $85,000. Finally, Capital Investment Services of America Inc. increased its position in APi Group by 7.5% in the 4th quarter. Capital Investment Services of America Inc. now owns 323,762 shares of the company's stock valued at $11,646,000 after buying an additional 22,690 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.